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AgDevCo, an impact investor, announced a second-round investment of US$1.95m into Katito Farming Enterprises Limited (“Katito”) in Mbala, Northern Zambia. This follows an investment of US$5.05m in 2016.
In this interview, Sandi Roberts explains how helping agribusinesses in Africa can help smallholder farmers produce more and increase their incomes.
AgDevCo’s Smallholder Development Unit (SDU) today announced new partnerships with a Senegalese rice miller and a Mozambican livestock company.
Uzima is an early-stage poultry company which provides day old chicks to smallholder farmers throughout Rwanda.
AgDevCo is pleased to announce a $1.5m investment into Citrum.
AgDevCo is pleased to announce a $5.05m investment into Katito Farming Enterprises Limited (Katito).
AgDevCo is pleased to announce a $450,000 debt investment into a Ugandan milling business, Talian Company Limited.
AgDevCo is pleased to announce a $255,000 debt investment into Tanzanian poultry business, Kingchick Poultry.
RMG Concept Ltd (“RMG”), a leading West African agribusiness group, has completed the purchase of 70% of the shares of the Babator Farming Company Ltd (“BFC”) for a total investment of $1.75m.
AgDevCo, in collaboration with The MasterCard Foundation and UKAID, launched the Smallholder Development Unit (SDU) to work with rural agricultural enterprises to develop equitable outgrower schemes that will boost productivity and incomes for half a million smallholder farmers.
The schemes featured represent a cross-section of value chains, from high-value horticulture (bananas) to commodity crops (maize and sugarcane), small livestock (broilers), and seed (flowers). Understanding the lessons of these schemes and why they have been successful will help to inform the design of new outgrower schemes, minimise mistakes, and ensure both companies and growers reap the benefits.
New investment will bring irrigation and access to export markets for local farmers.